Hyundai Motor Group (HMG) said this week it had entered into a strategic partnership with Japanese chemicals company Toray Industries to develop new high performance materials for future vehicles.
The agreement would exploit Toray Industries’ expertise in carbon fibre and composite materials, performance chemicals and textiles to develop new light, high strength and heat resistant materials for automotive and aviation applications such as battery electric vehicles (BEVs) and high performance vehicles.
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One would be carbon fibre reinforced polymer (CFRP) parts that improve the performance of EV batteries and motors.
The automaker said the partnership would play a key role in its future mobility strategy, stressing it was “adopting a comprehensive approach by pursuing fundamental advancements in material technology, in addition to electrification and software-defined vehicles (SDVs)”.
Chang Song, president of HMG’s advanced vehicle platform division, said in a statement: “By combining our automotive expertise with Toray Group’s material technology prowess, we aim to become the first mover and gain a competitive edge in the global market.”
Toray Industries president Mitsuo Ohya said: “Toray Industries has developed innovative technologies and materials focusing on electrification and sustainability to address the needs of customers in the constantly evolving automotive industry.”
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By GlobalData
